Economic Development

Gambling in Louisiana slowed significantly last month. Here’s why 

Louisiana gaming revenues were down across the board in January as the state faced winter weather that took a toll on the industry.

Lafayette heat treatment company acquired by Houston private equity firm

Houston private equity firm Capstreet has acquired Analytic Stress Relieving Inc., a Lafayette heat treatment services provider. Financial terms of the transaction were not disclosed.

Half of small businesses are planning to expand operations this year 

Small-business leaders have felt pretty pessimistic for a while now, but they’re starting to perk up with plans for 2024, Inc. reports.  

US unemployment applications fell this week 

Fewer Americans filed for jobless claims last week as the labor market continues to show resilience in the face of elevated interest rates intended to cool economic growth.

Lake Charles Methanol announces plans for $3.2B manufacturing plant  

Lake Charles Methanol II LLC today announced plans to invest $3.24 billion to construct a manufacturing plant that will produce low-carbon intensity methanol and other chemicals at the Port of Lake Charles. 

Amedisys expands patient services with diagnostics partnership  

Baton Rouge home health care company Amedisys announced last week it is adding advanced...
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Small business optimism remained low in January

Small business optimism dropped two points in January to 89.9, according to the latest...

Business bankruptcies more than doubled in 2023 

American companies’ earnings and profit margins are increasingly collapsing after the Federal Reserve’s rate...

Startup talent can be challenging to retain after an acquisition

A startup company’s employees are among its most valuable assets, so when they leave after an acquisition, it can become a big issue for the acquiring company, Harvard Business Review reports.

Tire recycling company plans $46M facility in Reserve 

Life for Tyres Group Limited, a European tire recycling company, announced plans last week to invest $46 million in its first U.S. processing facility at the Port of South Louisiana’s Globalplex site in Reserve, Biz New Orleans reports.